Ballsbridge Victorian renting at €96,000 for sale for €3.3m-plus

An elegant Victorian home at 23 Clyde Road, Ballsbridge, Dublin 4, is expected to attract considerable interest from investors as well as families looking for a prestigious residence when it goes for sale from today through the Lisney agency.

Christopher Belton of Lisney is seeking offers in excess of €3.3 million for the two-storey over-basement house, which was refurbished and extended in 2008, and is now rented at €96,000 per annum.

While the house is let on a residential lease until March 2020, the tenant has a rolling break option subject to 30 days prior notice. Belton is expecting a significant uplift in value to more than €4 million once vacant possession has been obtained.

The five-bedroom house has a larger-than-usual floor area of about 581sq m (6,254sq ft), including an extension with two bedrooms and a leisure area at basement level featuring an air conditioned gymnasium. The first-floor accommodation includes a modern kitchen as well as a livingroom and diningroom. There are parking facilities in the front garden as well as at the rear.

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Belton says the Victorian mansion is likely to be of particular interest to families returning to Ireland after Brexit as well as to investors and embassies.